Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: THURSDAY, November 18, 1993 TAG: 9311220277
SECTION: BUSINESS PAGE: B-10 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Short
RICHMOND - Gov. Douglas Wilder and Gov.-elect George Allen expressed mild optimism about Virginia's economy Wednesday after a private briefing with business leaders.
``It isn't the bleakest picture in the world,'' Wilder said after meeting with his Advisory Council on Revenue Estimates.
``There's nothing that alarmed me,'' Allen said. ``It wasn't anything that I hadn't heard in bits and pieces before.''
Wilder said he hopes the state's budget shortfall will be smaller than the $500 million he has projected. Consumers seem to be getting more confident, although ``the economy hasn't boomed,'' he said.
Wilder told the council that defense cutbacks remain the biggest problem for Virginia. Virginia has regained about 33,000 jobs, or one-third of the jobs lost during the recession, he said.
Jobs should grow at an annual rate of 1.9 percent for the next two years, he said, far below the 4.3 percent job growth rate of the late 1980s.
-Associated Press
UPS orders 10 more Boeing freighters
WASHINGTON - United Parcel Service, spurred by double-digit volume growth in its domestic and international air services, said Tuesday it ordered 10 more freighters from the Boeing Co. at a cost of $600 million.
The planes, a specialized freighter version of Boeing's 757 model, will be delivered in 1994 and 1995, UPS said. The company already operates 35 of the planes and has 20 more on order. By the end of 1997, UPS will have 65 of the freighters in its fleet, which now has 197 planes.
-Journal of Commerce
by CNB